Bank rates were little changed for the week ending February 11, 2011 with the exception of midterm mortgage rates. A quick round up of bank rates showed overall CD interest rates changing by less than one basis point for the week, long term mortgage rates increasing modestly, 15 year mortgage rates increasing more significantly and credit card rates unchanged.

CD rates measured by the composite index, which compiles the best CD rates with terms ranging from 3 months up to 5 years, increased by just .006 percent. The CD rate index closed the week at 1.439 percent, up from 1.433 percent in the previous week.

The average rate on the best 3 month CD rates was unchanged at 0.734 percent. The top ten highest six month CD rates were lower by an almost indiscernible amount, falling by just .001 percent. The average rate on the best six month CD rates came in at 1.065 percent. The top one year CD rates moved higher to end the week with an average interest rate of 1.326 percent, up from 1.309 percent the week earlier. The average two year CD yield closed the week at 1.546 percent or a drop of 0.007 percent. The longest term CD rate in the weekly rate survey, the five year term, increased in yield by .018 percent to end the week at 2.523 percent.

Bank money market and savings account rates experienced a very modest increase. The average interest rate for the top ten highest bank money market and bank savings account rates moved up to 1.178 percent from 1.175 percent in the previous week.

Mortgage rates were higher on the week with the 15 year loan leading the charge. The 30 year fixed rate mortgage climbed by four basis points, to 5.196 percent. The 20 year mortgage rate moved ahead by less than one basis point to 5.125 percent. The average 15 year mortgage rate shot up 12 basis points to a rate of 4.456.

30 year jumbo loans followed the conforming 30 year rate and pushed up four basis points to 5.662. The average 30 year FHA mortgage rate increased by just fewer than three basis points, ending the week at 5.050 percent.

Credit card rates dropped back to neutral. The average credit card interest rate on new credit card offers remained at 13.71 percent.

Treasury rates were a mixed bag. The six month Treasury gave up two basis points to end the week at 0.16 percent from 0.18 percent at the start of the week. The two year Treasury rate was higher by seven basis points to close out 0.85 percent. The five year Treasury rate was up smidgen more, climbing eight basis points to a yield of 2.38 percent. And the ten year moved in the same direction of the six month and gave back four basis points to close at 3.64 percent.

The weekly bank rate survey included the following interest rate results for the week ending February 11th, 2011:

CD interest rates:
Composite CD interest rate index 1.439 percent (up .006 percent)
3 month CD rates 0.734 percent (unchanged)
6 month CD rates 1.065 percent (down .001 percent)
1 year CD rates 1.326 percent (up .017 percent)
2 year bank CD rates 1.546 percent (down .007 percent)
5 year CD rates 2.523 percent (up .018 percent)

Money market and savings account rates:
Bank money market rates and savings account rates 1.178 percent (up .003 percent)

Mortgage rates:
30 year mortgage rate 5.196 percent (up .04 percent)
15 year mortgage rate 4.456 percent (up .12 percent)
20 year mortgage rate 5.125 percent (up .005 percent)
30 year jumbo mortgage rate 5.662 percent (up .04 percent)
30 year FHA mortgage rate 5.050 percent (up .025 percent)

Credit card rates:
Credit card rates for new credit card offers 13.71 percent (unchanged)

Treasury rates:
Six month Treasury rate 0.16 percent (down .023 percent)
Two year Treasury rate 0.85 percent (up .07 percent)
Five year Treasury rate 2.38 percent (up .11 percent)
Ten year Treasury rate 3.64 percent (down .04 percent)

All bank rates are based on surveys conducted by at the close of February 11, 2011 with the interest rates obtained directly from the banks within the survey. Treasury rates are obtained directly from the Department of the Treasury.

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